Is the market still profitable for new projects? - page 7.

Fortify

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

Are you talking about cryptocurrency projects or what? You seem to be talking nonsense and contradict yourself in the first couple sentences. The world of business is forever changing, adapting and innovating new ideas every single day. Some businesses are very cheap to setup and run, requiring little overhead or costs - like people selling products on eBay or Etsy that they may have crafted themselves or bought from suppliers in bulk. Tech business often has fairly low barriers to entry, buy a domain and set your website up. Investors is such a broad term it is almost meaningless, almost everyone in most developed countries have pensions that own shares in many businesses via index funds. What evidence do you have of a "large increase" in new services or companies, because it is in constant flux but you've made a wild leap out of nowhere.

flyingcarpet

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

The first question to ask is whether the project is trustworthy. It may be profitable, but there are hundreds or even thousands of scammers on the market. We need to ask the question of which project to trust and how. If we can answer this question, the project can be profitable and serve something good.

There will always be new projects in the market. The conscious investor looks at the team behind it before investing in the project. Of course, this is not a hundred percent trust factor, but still, not every project can get the income it wants. If it cannot provide the elements of trust, that project should not be profitable.

bussybuddy

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Of course, from my perspective, being successful in the crypto startup market is the same as in other fields. Not all projects will be successful, and there are special projects that will develop into large corporations.

Even though there is a lot of competition or a crowded market, if the idea behind the project is good and the development team is competent, along with a viable business plan, the chances of success are higher. However, it is impossible to ignore the fact that not every project achieves its goals.

Silberman

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

That is something for those developers to care about, however the answer to that is that it depends, for the majority of the projects the answer is no, but for a few projects which have good developers behind it or which are able to generate a huge hype around it the profits can be incredible, it is because of this that despite how saturated is the market we still see a huge number of projects being released, a tendency that is sure to increase once the bull market starts.

Sanitough

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

As the market continues to grow, there will be growing numbers of investors and clients as well. That proves that the market does not matter how many existing projects are currently operating, but what matters is that despite of the high competition, there will always who’ll come out as a winner and the most profitable project in the market. Never think that the market is limited. It will never stop to cater new projects especially if these new projects bring out the best demand from its consumers.

michellee

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The number of investors or service users will adjust to the number of new projects and not all new projects can get a lot of investors because it depends on the project. If the project is not what investors or service users are looking for, the project will not be able to develop, and even many will die and cannot continue the project.

Market conditions are still favorable for new projects because what matters about new projects is what they offer. If the offer has never been in previous projects and is more promising in providing returns for investors, the investors will invest their money in the project. And that will also be done by users if they can get even better benefits.

Currently, the projects are simply copying existing projects and making no difference. The new project will find it difficult to find investors because it is already a better project and has been proven to be profitable for investors.

Findingnemo

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

The crypto market is still wide open so if someone comes up with a good service platform that can serve the needs of crypto users then they can succeed which means they can make profits.

Let's say the platform is something for crypto trading then they need to look at the competitors and customer requirements so whoever comes up with an idea to match the most of customers' requirements that are not available in the competitors' platform then they can sell their business and bag out profits.

I only mentioned the exchanges but cryptocurrency is not just limited to Casinos, Cryptocurrency wallets, and Exchanges it can be a lot more than that so it's all about innovation with some real use cases.

If you come up with another shitcoin with the only intention of making money then there is no way it is going to make you a dime.

avp2306

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

Just show what you can offer to the investors and you will given a chance to make your plans happen since many investors want to see a projects show some clear informations about their project and they also want to see that there's possibility that your targets will happen or think its realistic to be implemented. But if you are just copying someones idea like using generic plans then expect that investors will avoid your project.

icalical

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There are still a lot of new project coming up meaning that they still think it's profitable, I believe they have done calculation before starting project. But it depends on the project, if the projects is not offering anything new then I doubt many people will be interested. But if I was a Founder or CEO of a crypto project looking at the market condition, I would prefer to polish up my project and waiting for the market to at least recover before launching a new project.

Abu-Naim

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

The market situation is not encouraging because if the price of bitcoin is down, then it's likely that no new project will succeed.

However, new projects that have good potential should be taken into consideration right away, especially given that we're getting close to the time when bitcoin mining rewards will be halved in 2024.

khiholangkang

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

That is a normal thing, because it is a competition in the market, it doesn't matter with a new product or that, in fact it is getting better for progress because the company will improve product quality, product use cases, innovative and creative and the convenience offered that makes every companies are competing to offer what they can sell to the market according to the needs of the times.
Old businesses will not be in demand if they don't have development on their products or reject technological advances and times, as we can take the example of Nokia which is persistent with its version, while other new products already use the Android system which is easier in terms of mobility and usability, which causes Nokia to be disrupted by new businesses that are more flexible with the times.

In conclusion, as long as the new business has the uses needed by the changing times, he can get profits.

PeRo

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It depends on a lot of factors - one of the main ones would be how innovative are you? In every market (crypto or not), you have to give something new and useful to your future clients. That also depends on your knowledge and ability to contribute to the market.

If you are not looking for innovation and what to make a project on already available resources, making it profitable can just be even harder for you since there are a lot of bigger organizations everywhere and that might discourage you. On the other hand, even if the market is oversaturated with similar projects, most of the small ones don't have better chances than you would so you just need to know what your goal is and stand by it until you make a profit out of it.

So it's either be more innovative than your competition or find a way to make your deal better and lead more consumers on your product/service. In any situation, you have to have an edge, if it's your knowledge or ability to manage that project you have in mind. It isn't easy, but you need to be persistent and it goes the same for the crypto market or any other field even though crypto is a story of it's own.

KingsDen

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Quote from: CODE200 on August 08, 2023, 04:56:14 AM

I think it will always be profitable, the only problem is that it takes time for projects to really shine, it usually happens when the market is going crazy and major cryptocurrency and bitcoin is skyrocketing although it's not a rule as some projects do shine regardless of the market conditions. I think it's a matter of what the project sells, if the people want what they're selling, it will be successful anyways.

As bitcoin bull run is fast approaching, you will notice that many projects will flood the industry because of the bull run. There is a tendency that 80% of these projects will survive until the next bear market when they will be hit hard by the market and some of them will extinct.

Any project that is established during the bear market and it survives until the next bull run is no doubt a very fantastic Project. On the long run what matters is if such a project has a niche and solves a problem and not necessarily the bull run and the bear market.

davis196

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

The crypto startup market is a like the traditional startup market. Most of the projects/startups will fail, a few "Unicorns" will survive and become big corporations. It doesn't matter if the market is crowded or too competitive. If the idea behind the project is good, if the team of developers is competent and the project's Business plan is achievable, I think that there's no way such crypto startup to fail.
I believe that your way of thinking seems kinda wrong here. The market cannot be "profitable". The market is what it is. The companies can be profitable or not profitable.

yhiaali3

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Quote from: Synchronice on August 08, 2023, 04:31:41 AM

Crypto market is a very fresh market and one of the least competitive one, just think about it, Binance managed to establish in 2017 and became the number one crypto exchange in three-four years. There aren't reliable crypto exchanges on the market and we need a good one that will provide us with a good and transparent service but will also respect our privacy.
There is not a big competition among instant exchanges too, it's very hard to find trustworthy instant exchange with good rates, so this market is open for anyone who plans to offer a good service.

Yes, this is a very important point. It is true that Binance managed to control the market during a relatively short period, but this is what makes the task of new instant exchanges very difficult. How can new exchanges gain confidence and popularity in the presence of a strong and reliable exchange like Binance?

Yes, we need a good exchange that provides us with good and transparent service and also respects our privacy, but will you trust the new exchanges? Most of the users prefer using old trusted exchanges over trying a new one.

CODE200

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I think it will always be profitable, the only problem is that it takes time for projects to really shine, it usually happens when the market is going crazy and major cryptocurrency and bitcoin is skyrocketing although it's not a rule as some projects do shine regardless of the market conditions. I think it's a matter of what the project sells, if the people want what they're selling, it will be successful anyways.

Synchronice

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

Crypto market is a very fresh market and one of the least competitive one, just think about it, Binance managed to establish in 2017 and became the number one crypto exchange in three-four years. There aren't reliable crypto exchanges on the market and we need a good one that will provide us with a good and transparent service but will also respect our privacy.
There is not a big competition among instant exchanges too, it's very hard to find trustworthy instant exchange with good rates, so this market is open for anyone who plans to offer a good service.
Blockchain market is also the least saturated market I would say. Mostly because there is a lack of blockchain developers and there aren't many blockchain development companies.

Hundreds of new projects doesn't mean hundreds of them succeed every time. Just have a look, how many students manage to get top grades? A tiny percent. So, among hundreds of new projects, only tiny percent manages to make it and in business, it's even harder to succeed than in school and university.
Market is still profitable for new projects if you know how to sell and what to sell.

mk4

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No matter how highly saturated(in terms of number of projects popping up) a certain niche is, there will always be winners — you just have to choose the correct ones. And knowing how permissionless crypto is, it’s expected that the projects would be very high in numbers in the first place.

bestcoins1

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Quote from: Trawda on August 08, 2023, 12:33:27 AM

Given the crowding of the market with hundreds of new projects and the emergence of new services or companies every day, I think that the number of investors or users of these services does not correspond to this large increase.

So my question is: is this market still profitable for new projects?

If you ask like that, it means that you also have to look at what actions each new project is currently taking in order to bring benefits to themselves. Because the problem is whether or not a new project or company is still profitable in current conditions really depends on their respective strategies in terms of making their own project or company more attractive when viewed by many investors.

Companies or new projects must also be able to see the opportunities that exist in the market so that they can make products that are most liked by many people in order to get better marketing. Because it is not easy to make a new product that is very popular and beat old products that are already in demand is not easy in the current conditions, so any company or project party must do its best to make products that are more attractive and have better benefits so that they can beat the others with more marketing.

dothebeats

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The market will continue to grow. As technology evolves, people will come up with new ideas for products and services to offer and sell. However, this does not mean that the market will not be profitable for new projects. It still is for as long as you know how to sell your products and attract your target clients and customers. It all comes down to how competitive you are.

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